I didn’t grow up with a habit of charitable giving, so for a long time I didn’t give anything to charity. As time has passed I’ve gotten wealthier, and I’ve found some causes I want to support. But how much should I donate? On the one hand, I feel some obligation to use my money to help others. On the other, I also want to use it for my own enjoyment.
Being a human, my first thought is to see what other people do. But people tend not to talk much about their money or budgeting decisions.
- 10% tithe
- Delta between what taxes should be and what they are
- Under Reagan
- Under Clinton
- Under JFK
- “As one of the five pillars of Islam, zakat is mandatory giving; all Muslims eligible to pay it must donate at least 2.5% of their accumulated wealth for the benefit of the poor, destitute and others – classified as mustahik. It is one of the largest forms of wealth transfer to the poor in existence.” — https://www.theguardian.com/global-development-professionals-network/2017/jun/22/zakat-requires-muslims-to-donate-25-of-their-wealth-could-this-end-poverty
- Effective Altruism pledge https://www.effectivealtruism.org/get-involved/take-the-giving-what-we-can-pledge